RBI appoints Technical Committee on Mobile Banking - ஆர்பிஐ - Reserve Bank of India
RBI appoints Technical Committee on Mobile Banking
The Reserve Bank of India has announced the constitution of a Technical Committee on Mobile Banking, to examine the options/alternatives including the feasibility of using encrypted SMS based funds transfer using an application that can run on any type of handset for expansion of mobile banking in the country. Terms of Reference of the Committee are: a. to conduct an in-depth study of the challenges faced by banks in taking mobile banking forward to the desired level; b. to study the challenges faced by banks in introducing the Unstructured Supplementary Service Data (USSD) channel and suggest solutions, if any, to take this forward; c. to consider the advantages/challenges of having a single application across all handsets in an SMS encrypted environment; d. to examine any other optimum solution that would take mobile banking to every nook and corner of the country; and accordingly, e. to draw up a road map for implementation of the solutions/options recommended The Committee will comprise:
The Technical Committee may include specialists in the field of mobile payments as permanent invitees. The Committee will submit its report by end of December 2013. The Reserve Bank of India, Department of Payment and Settlement Systems, Central Office, Mumbai has invited suggestions from the public based on the terms of reference of the Technical Committee for consideration of the Committee. The comments may be mailed latest by October 31, 2013. Ajit Prasad Press Release : 2013-2014/751 |